big volume in franfurt last night, page-14

From a low of $85.75 per tonne (Iron Ore cfr China 62% Fe Fines) on 5 September 2012, last night we saw iron ore fines at a new 12 months high of $156.31, a bounce of 82% and interestingly also well above the 12 month average which looks to be about $130/t.

Once the plant is running at design capacity (here comes joeborgo lol) we should be making good money and the share price will then get a wriggle on in my view.

The only thing holding the price back is the annoying issues of getting a new plant to design capacity - but it will happen.